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Job-work Under GST

Goods and Services Tax - GST Law and Procedure - 10 - Introduction Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture. The term Job-work itself explains the meaning. It is processing of goods supplied by the principal. The concept of job-work already exists in Central Excise, wherein a principal manufacturer can send inputs or semi-finished goods to a job worker for further processing. Many facili .....

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ceiving back the goods after processing from the job-worker without the payment of GST. The benefit of these provisions shall be available both to the principal and the job worker. What is job-work? Section 2(68) of the CGST Act, 2017 defines job-work as any treatment or process undertaken by a person on goods belonging to another registered person . The one who does the said job would be termed as job-worker . The ownership of the goods does not transfer to the job-worker but it rests with the .....

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ment of tax. The principal is not required to reverse the ITC availed on inputs or capital goods dispatched to job-worker. b) Principal can send inputs or capital goods directly to the job-worker without bringing them to his premises and can still avail the credit of tax paid on such inputs or capital goods. c) However, inputs and/or capital goods sent to a jobworker are required to be returned to the principal within 1 year and 3 years, respectively, from the date of sending such goods to the j .....

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likewise with or without payment of tax for export may be availed by the principal on declaring premise of the job-worker as his additional place of business in registration. In case the job-worker is a registered person under GST, even declaring the premises of the job-worker as additional place of business is not required. Before supply of goods to the job-worker, the principal would be required to intimate the Jurisdictional Officer containing the details of the description of inputs intended .....

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ing proper accounts for the inputs or capital goods shall lie with the principal. Input Tax credit on goods supplied to job worker Section 19 of the CGST Act, 2017 provides that the principal (a person supplying taxable goods to the job-worker) shall be entitled to take the credit of input tax paid on inputs sent to the job-worker for the job-work. Further, the proviso also provides that the principal can take the credit even when the goods have been directly supplied to the job-worker without b .....

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